The recent period was very successful for the famous Stakelogic. After signing deals with Royal Casino in Denmark and Princess Casino in Romania, the popular developer of classic and video slots partnered with an industry giant Bally’s Corporation by signing a multi-year live dealer agreement, for the newly opened Rhode Island market.
Rhode Island bill:
After the Rhode Island iGaming bill passed on June 22, 2023, Bally’s got the opportunity to expand its business and start the iGaming operations in the state.
The company is one of the leaders in the industry when it comes to land-based casinos, but this bill will take the game to a whole new level.
This partnership allows Bally’s to include Stakelogic Live’s unique and advanced software and studio technology in its operations. The combination of Stakelogic’s technologies and Bally’s experience in the field will surely be fruitful for both companies and allow Rhode Island’s residents to enjoy some of the most popular games in the world.
Bally’s North American live casino will soon be able to offer games such as Blackjack, Roulette, and Baccarat, and its launch is expected to be completed by April next year.
Stakelogic’s rapid expansion:
On the other hand, this partnership is greatly beneficial for Stakelogic too. The company, which is already present in more than 20 regulated markets, is now able to expand its business to the North American market. In Europe, the company already operates two live casino studios. Its impressive portfolio consists of more than 250 classic and video slot games, including most recent hits such as Money Track 2, Spartans vs. Zombies Megaways, Origins, Outlaws Hunter, and many more of them. The company is also famous for the unique live dealer technology used in its games.
In the official press release, Stephan van den Oetelaar, CEO of Stakelogic, said: “We are very excited about our partnership with Bally’s as it will finally enable Stakelogic Live to bring its technology to the U.S. It will also enable us to build on our tremendous growth since launching live casino 14 months ago, positioning Stakelogic Live as a leading live casino provider in the iGaming industry.”
Robeson Reeves, CEO of Bally’s Corporation, added: “We are thrilled to partner with Stakelogic Live to bring our live casino operations online in Rhode Island. With a partner like Stakelogic Live, we know we are putting our best foot forward, and we are confident that we will be able to provide our Rhode Island customers with a truly exciting live dealer experience.”
The legal status of online casinos in India is complex and varies by state. While there is no federal law that explicitly addresses online gambling, the legality depends on state regulations and the type of gambling involved.
Key Points:
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No National Law: India does not have a specific national law regulating online casinos. However, the Public Gambling Act of 1867 prohibits operating physical casinos and gambling houses, but it doesn't cover online platforms, leaving a legal grey area for online gambling.
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State-Specific Laws: Some Indian states, like Goa, Sikkim, and Daman, have legalized land-based casinos, and others, such as Sikkim, have also licensed online gambling. Many states have banned gambling altogether, including online gambling.
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Online Sports Betting: Betting on sports, particularly cricket, is very popular in India. However, it's only explicitly legal in some states like Sikkim and Nagaland, which have laws permitting online gaming and betting.
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Legal Gray Area: Many international online casinos accept Indian players and operate legally under licenses from offshore jurisdictions (like Curacao or the UK Gambling Commission). As long as players are gambling on licensed platforms, the risk is minimal, but local authorities may still choose to regulate or restrict online gambling.
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Cryptocurrency: Some Indian players prefer using cryptocurrencies (like Bitcoin) for online gambling, as it provides a layer of anonymity and security.
While online casinos aren't explicitly legal across all of India, many international casinos accept Indian players, and online gambling continues to grow in popularity. Players should ensure they use licensed platforms and understand local laws before engaging in online gaming.
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